Tech startups hire students on a shoestring through Ottawa program
Last Updated: Friday, April 3, 2009 | 6:19 PM ET
CBC News
Related
Internal Links
External Links
(Note: CBC does not endorse and is not responsible for the content of external sites - links will open in new window)
Small, emerging technology companies are being matched with engineering students through a new program that aims to provide startups with staff and students who have some business know-how.
Talentbridge is a new program at the Ottawa Centre for Research and Innovation that pays 75 per cent of the salary for a student who works four days a week for tiny local tech start-ups in exchange for assurances that they will be mentored through the process. The company pays 25 per cent of the student's salary, and allows the student to spend a day a week at OCRI to help develop the next generation of the program.
'''Look, you know, if you're trying to teach these students how to start companies, companies start in garages and at the Code Factory and Starbucks and so on."'— Alan Isfan, Favequest
Sonia Riahi, one of the first three students to go through the program, said her experience at Gallium Visual Systems Inc. has given her a lot of confidence, helped her develop connections with business knowledge, and changed her outlook.
"It's gone from being a very abstract idea in my mind, to a concrete goal, now — that I want to start a business," said Riahi, who ended up switching her master's away from engineering research to management studies after working for Gallium. The company makes visual display systems for defence and air traffic control applications.
Riahi said the Talentbridge program is different from co-op programs she has been in before that had her doing jobs she already knew how to do.
In this case, she said, "you're working in something you have no background in, so it's really just an opportunity to learn as much as you can about business, marketing sales, with people who make decisions in the company."
Riahi is now an ambassador for the program, which was conceived by Manu Sharma, manager for entrepreneurship development and innovation support at OCRI. He said the program ensures that when students go out to look for a job, they have already been exposed to the business challenges faced by tech firms and are familiar with the ecosystem in Ottawa.
No office? No problem
It's also allows some very small companies to hire staff they otherwise couldn't afford.
Alan Isfan is the founder of Favequest, a software firm that has built a service to help companies connect with people who spend a lot of time on social networking sites such as Facebook or MySpace.
So far, nobody involved in starting the company has gotten paid at all, relying on credit cards, lines of credit and "a lot of sweat equity," Isfan said.
It doesn't even have actual office space. Instead, the founders work out of their homes or at a shared office space downtown called the Code Factory.
Nevertheless, Isfan managed to convince Sharma to help students to work at Favequest through the Talentbridge program.
"Basically, I went back to Manu and I said, 'Look, you know, if you're trying to teach these students how to start companies, companies start in garages and at the Code Factory and Starbucks and so on,'" he recalled.
"'Why don't you get these guys to actually see this? Not after the fact when people have raised money, and have office space and payroll and all that stuff.'"
Euphoria and disappointment
In the end, Sharma agreed.
Isfan said students are going to see some failures in the type of environment faced by new start-ups, such as when his company reached a deal that was later delayed.
"They were part of the euphoria when we got the deal and they were part of the disappointment when the deal got delayed," he said of his students. "So they get to see the business part of it."
He also acknowledged that there were some growing pains as the company tried to figure out how to deal with the students.
"But the stuff is getting done … it's bringing value to us and we're hoping to extend these students into the summer time," he said.
Sharma is currently expanding the program and plans to choose 12 students for next term from the 10 to 12 resumes he receives each week. He said he's also getting more requests from startup firms as more find out about the program.
Share Tools
Top News Headlines
- Montreal protesters march in peaceful defiance
- The clanging of pots and pans sounded throughout Montreal's downtown core Saturday night and into early Sunday morning, as thousands of protesters marched on in peaceful — but loud — defiance of Bill 78. more »
- Quebec tornadoes cause millions in damage
- Environment Canada confirms that two tornadoes — one of which was classed as a moderate F-1 packing winds of up to 150 km/h — touched down near Montreal Friday night, causing millions of dollars in damage. more »
- Teen struck by lightning in Ottawa dies
- The victim of a Friday lightning strike during a storm in east Ottawa has died, CBC News has learned. more »
- Missing Winnipeg children found in Mexico
- Two Winnipeg children reported missing and possibly in Mexico have been found alive, according to unofficial reports from an agency that works to find missing people. more »
Latest Business Headlines
- Bankia asks Spain for €19B
- The board of directors of Spain's troubled bank, Bankia, has asked the Spanish government for €19 billion ($24.5 billion Cdn) in financial support. more »
- EI reforms aim to boost employment, Flaherty says
- Finance Minister Jim Flaherty defended his government's proposals to change employment insurance, saying the aim is to remove "disincentives to employment." more »
- Employment Insurance review boards to be scrapped
- The federal government is scrapping two review boards used by people appealing decisions made about their employment insurance. more »
- Ottawa moves to limit foreign investment reviews
- The federal government is raising to $1 billion the amount of foreign money that can go into a Canadian company before the investment is reviewed. The review has been used in the past to block foreign takeovers of MDA and Potash Corp. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 11576.47 | 10.4 |
| DOW | 12454.83 | -74.92 |
| NASDAQ | 2837.53 | -1.85 |
| SP 500 | 1317.82 | -2.86 |
| NYSE COMPOSITE | 7534.32 | -18.01 |
| AMEX | 2227.37 | 1.45 |
| TSX-VENTURE | 1309.27 | 26.8 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Business Features
- Teen struck by lightning in Ottawa dies
- Missing Winnipeg children found in Mexico
- Quebec tornadoes cause millions in damage
- Montreal protesters march in peaceful defiance
- Woman's remains found in hockey bag on Cape Breton river
- Pope's butler arrested in Vatican leaks scandal
- Everest team unable to bring down Toronto woman's body
- WWE apologizes to Brazil over Canadian's flag stomp
- What a Greek euro exit could mean for Canada

